Kennett Square is inundated with requests from developers who want to build homes, restaurants, and offices in a town that has become a sought-after place for people to live, writes Fran Maye for the Daily Local News.
“Our borough codes department is staffed by three people, and they have dozens upon dozens of applications sitting in front of them for rehabs and new construction and development,” said Kennett Square Mayor Matt Fetick. “Our planning commission constantly hears from developers who want to build.”
Currently, a West Chester-based developer is building the Lofts, an apartment complex that will include nearly 100 high-end luxury units. Work is also underway on a four-story, 175-unit luxury apartment complex on Millers Hill Road. Meanwhile, construction will soon be completed on Kennett Crossing, which will have around 7,500 square feet of retail and office space.
This new construction has helped the borough to avoid a tax increase for the fifth straight year.
“The tax revenue alone from that development, from the school district, and the borough is more than twice per year what the last two tax increases were across the entire borough,” said Fetick.
Read more about Kennett Square in the Daily Local News here.